New Jersey Resources Corporation (NJR)

New Jersey Resources Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	1,732	1,963	2,906	2,157	1,954	2,592
Revenue Growth (YoY)	-27.74%	-32.45%	34.75%	10.39%	-24.63%	-11.08%
Fuel & Purchased Power	728.68	978.94	1,949	1,352	1,305	2,044
Operations & Maintenance	381.06	348.39	336.52	349.65	271.61	258.35
Selling, General & Admin	11.02	10.46	10.52	10.11	-	-
Depreciation & Amortization	160.56	152.94	129.25	111.39	107.37	81.11
Other Operating Expenses	74.49	65.26	74.26	45.45	41.07	43.73
Total Operating Expenses	1,356	1,556	2,500	1,868	1,725	2,427
Operating Income	376.27	407	406.48	288.35	228.91	164.56
Interest Expense	-127.41	-123.01	-85.83	-78.56	-67.6	-47.08
Interest Income	8.63	8.92	2.72	2.17	2.96	1.62
Net Interest Expense	-118.78	-114.1	-83.11	-76.39	-64.64	-45.46
Income (Loss) on Equity Investments	4.89	3.93	8.18	-83.21	14.31	13.63
Other Non-Operating Income (Expenses)	33.62	17.16	19.58	22.43	20.92	9.65
EBT Excluding Unusual Items	296.01	314	351.12	151.18	199.5	142.38
Pretax Income	296.01	314	351.12	151.18	199.5	142.38
Income Tax Expense	60.34	49.28	76.2	33.29	36.49	18.44
Net Income	235.67	264.72	274.92	117.89	163.01	123.94
Net Income to Common	235.67	264.72	274.92	117.89	163.01	123.94
Net Income Growth	-16.49%	-3.71%	133.20%	-27.68%	31.53%	-46.91%
Shares Outstanding (Basic)	98	97	96	96	95	89
Shares Outstanding (Diluted)	99	98	96	97	95	90
Shares Change (YoY)	1.68%	1.18%	-0.07%	1.53%	6.15%	1.45%
EPS (Basic)	2.40	2.73	2.86	1.23	1.72	1.39
EPS (Diluted)	2.38	2.71	2.85	1.22	1.71	1.38
EPS Growth	-17.84%	-4.91%	133.61%	-28.65%	23.91%	-47.73%
Free Cash Flow	-61.11	-21.37	-235.66	-183.34	-234.63	-291.61
Free Cash Flow Per Share	-0.62	-0.22	-2.44	-1.90	-2.47	-3.25
Dividend Per Share	1.680	1.590	1.478	1.360	1.270	1.190
Dividend Growth	7.69%	7.61%	8.64%	7.09%	6.72%	7.21%
Profit Margin	13.61%	13.49%	9.46%	5.47%	8.34%	4.78%
Free Cash Flow Margin	-3.53%	-1.09%	-8.11%	-8.50%	-12.01%	-11.25%
EBITDA	537.51	562.21	538.29	404.34	341.2	254.09
EBITDA Margin	31.03%	28.64%	18.52%	18.75%	17.46%	9.80%
D&A For EBITDA	161.24	155.21	131.81	115.99	112.29	89.53
EBIT	376.27	407	406.48	288.35	228.91	164.56
EBIT Margin	21.72%	20.73%	13.99%	13.37%	11.72%	6.35%
Effective Tax Rate	20.38%	15.69%	21.70%	22.02%	18.29%	12.95%
Revenue as Reported	1,732	1,963	2,906	2,157	1,954	2,592

Source: S&P Capital IQ. Utility template. Financial Sources.